Quarterly Financial Results Briefing 3rd Quarter of FY2021

QD Laser, Inc.

February 2022

Copyright © 2022 QD Laser, Inc., All Rights Reserved.

Mission

With the power of the semiconductor laser, "I can't" becomes "I can".

Contents

  1. Financial Results for FY2021-Q3
  2. Semiconductor Laser Devices
  3. Laser Retinal Projection
  4. Further Growth Upside Expected
  5. ESG Initiatives

What was once thought to be impossible is now a reality;

we have become the only company in the world

to successfully mass produce Quantum Dot LASERs.

Our laser technology will enable

dramatic improvements in our ability to process information, support visually impaired people, prevent eye diseases,

and enhance vision, continually pushing the boundaries of human possibility.

1

Financial Results for FY2021-Q3

Financial Results Highlights for FY2021-Q3 vs FY2020-Q3

35% Sales Growth

Orders increased for the laser device business in DFB lasers for high-precision processing, compact visible lasers for biosensors, high-power lasers for sensors, and NRE (Non-Recurring Engineering). The laser eyewear (LEW) business also increased due to sales to financial institutions.

113 Million JPY Operating Loss Improved

Operating loss improved due to increased sales and a reduction in depreciation and development costs. Laser device (LD) business achieved the operating profit in cumulative three quarters of the year for the first time since the establishment.

336 Million JPY Quarterly Net Loss Improved

The same period of the previous year recorded an impairment loss on fixed assets of 161 million yen in the laser eyewear business, and net loss improved in the current year.

3

Financial Result Highlights for FY2021-Q3 vs FY2020-Q3

Sales Growth and Operating Loss Improved

35% sales growth driven by both businesses. LD business achieved the first operating profit in three quarters of the year since the establishment. The operating loss improved by 113 million JPY.

Performance Summary

FY2021

FY2020

(Million JPY)

YOY

Q1-Q3

Q1-Q3

Sales

815

605

+35%

(+209)

(LD)

776

571

+36%

(LEW)

38

33

+14%

Operating Profit

△380

△493

+113

or Loss (△)

(LD)

27

△15

+42

(LEW)

△194

△309

+115

Ordinary Loss (△)

△378

△537

+158

Quarterly

△363

△699

+336

Net Loss (△)

Sales by Product Group

(Million JPY)

FY2021

FY2020

YOY

Q1-Q3

Q1-Q3

DFB Laser

251

190

+32%

Compact Visible Laser

127

74

+72%

High-Power Laser

211

146

+45%

Quantum Dot Laser

83

97

-14%

NRE

102

58

+76%

Others

0

4

-100%

LD Total

776

571

+36%

LEW Total

38

33

+15%

Grand Total

815

605

+35%

4

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Disclaimer

QD Laser Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 06:16:11 UTC.